Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1450 Busch Pkwy Buffalo Grove, IL 60089

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    64,860 SF medical office building with customizable suites.

    Property size:
    64,860 SF

    Property Features for 1450 Busch Pkwy

    General Information

    Size
    64,860 SF

    Building Details

    Year built
    2005

    We can help!

    Listing Contact
    Jason Wurtz
    Source: Naiglobal

    Listing Agent: Jason Wurtz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Medical Office Building in Buffalo Grove

    This 64,860 square foot Class B medical office building in Buffalo Grove offers customizable medical suites. The property features newly updated high-end common areas with an electronic tenant directory. Prominent signage opportunities are available. Ample surface parking is provided. The building is located in a great location and has complimentary tenancies including physical therapy, pain care, pediatric, urology and orthopedic physicians.
    Location Intelligence

    Current Use by Public Records

    Narapalem Hospital Illinois Bone and Joint ... Rehabilitation Center Affinity Healthcare: Charman ... Internist Dr. Mark M. ... Doctor IBJI Doctors’ Office ... Medical Clinic

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Veterinary Specialty Center, Lakeland Animal Hospital

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo Grove
    County
    Lake
    State
    Illinois
    Longitude
    -87.9259831
    Latitude
    42.1728957

    Nearby Similar for Sale

    • $60,000
      2.32 Acres

      Turnkey Salon in Buffalo Grove

      Established salon with prime location and excellent visibility.
      1101 Weiland Rd, Buffalo Grove, IL 60089
      View Details
    • $379,999
      0.50 Acres

      Renovated Professional Building For Sale

      Renovated professional building on 0.46 acres, ideal for various uses.
      275 W Dundee Rd, Buffalo Grove, IL 60089
      View Details
    • $350,000
      1,164 SF

      Updated Ranch Unit with Basement

      Charming 2-bedroom condo with pond views and finished basement.
      314 Satinwood Ter, Buffalo Grove, IL 60089
      View Details
    • $325,000
      1,800 SF

      Top Floor Lake View Condo

      Spacious 3-bedroom condo with lake views and updated features.
      200 Lake Blvd, Buffalo Grove, IL 60089
      View Details
    • Contact for pricing

      Lazy Dog Ground Lease Opportunity

      20-year absolute net ground lease with rental increases.
      51 Mchenry Rd, Buffalo Grove, IL 60089
      View Details
    • Contact for pricing
      30,000 SF

      30,000 SF Corporate Headquarters Facility

      30,000 SF industrial facility with office and warehouse space.
      1051 Commerce Ct, Buffalo Grove, IL 60089
      View Details
    • $499,999

      Well-Maintained Townhome in Buffalo Grove

      3 bed, 3.5 bath townhome in a desirable location.
      364 Park View Ter, Buffalo Grove, IL 60089
      View Details
    • $159,900
      12,000 SF

      Turnkey Restaurant Business For Sale

      Well-established restaurant business with consistent revenue in prime location.
      1000-1034 Weiland Rd, Buffalo Grove, IL 60089
      View Details
    • Contact for pricing
      208,842 SF

      Buffalo Grove Warehouse/Distribution Opportunity

      208,842 SF industrial building in Lake County.
      1400 Busch Pkwy, Buffalo Grove, IL 60089
      View Details
    • $240,000

      Spacious Buffalo Grove First-Floor Condo

      3-bedroom, 2-bathroom condo in prime Buffalo Grove location.
      705 Grove Dr, Buffalo Grove, IL 60089
      View Details
    • $2,150,000
      7,594 SF

      Dundee Road Office Condo Portfolio

      Four office condo units available for sale in Buffalo Grove.
      321-333 W Dundee Rd, Buffalo Grove, IL 60089
      View Details
    • Contact for pricing
      63,782 SF

      Office, Flex, and Industrial Units

      Office, flex, and industrial units available for immediate occupancy.
      Barclay Blvd & Aptakisic Rd, Buffalo Grove, IL 60089
      View Details

    FAQs

    What type of property is this?
    Medical office - 64,860 SF medical office building with customizable suites.
    Where is this medical office located?
    The property is located at 1450 Busch Pkwy Buffalo Grove, IL.
    What is the asking price?
    The asking price for this property is $25.
    What are key features of this property?
    This property features: - 64,860 SF Class B Medical Office Building; - Customizable Medical Suites Available; - Newly Updated High-End Common Areas
    (847) 660-3839
    Request Owner's contact information
    1450 Busch Pkwy Buffalo Grove, IL 60089
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1450 Busch Pkwy
    Buffalo Grove, IL 60089
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1450 Busch Pkwy Buffalo Grove, IL 60089
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jason Wurtz
    (847) 660-3839
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.